USA: Footstar Says Doomed Kmart Store Sales Totalled $194m
Shoe chain Footstar Inc on Wednesday said the footwear departments in the 326 Kmart 326 stores due to be axed accounted for $193.8 million of its $2.3 billion in total sales for 2002. The firm said its estimated operating profit for 2002 from those departments was about $20m but on a pro-forma basis - excluding Kmart's 49 per cent equity interest - it was around $10.2m.
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